Do these options keep any of the absolute payoffs constant, like box A always containing $1,000 and the contents of B varying according to the selected ratio? If not, the varying marginal utility of money makes this difficult to answer—I’m much more likely to risk a sure $1,000 for $1,000,000 than I am to risk a sure $1,000,000 for $1,000,000,000.
Do these options keep any of the absolute payoffs constant, like box A always containing $1,000 and the contents of B varying according to the selected ratio? If not, the varying marginal utility of money makes this difficult to answer—I’m much more likely to risk a sure $1,000 for $1,000,000 than I am to risk a sure $1,000,000 for $1,000,000,000.
Assume all playoffs are in utilons, not dollars.
Keep box A constant at $1,000.